Pepito Manual Assistant
- Utilities
- Version: 1.0
PEPITO MANUAL ASSISTANT
A trading panel for MetaTrader 5 for traders who decide their own entries. You choose when to buy or sell; the panel sizes the trade, places the stops, manages the open positions and shows you where support and resistance are.
It does not open trades by itself. Every entry is your click.
WHAT IT DOES
- Sizes the lot from the risk you choose. Type the percent of your account you are willing to lose and the stop loss distance, and the panel shows the lot and the amount at risk before you click. - Opens one or many positions with a single click, with stop loss and take profit already attached. - Moves the stop loss to break-even and trails it behind price, if you turn those on. - Closes all positions, only the buys, only the sells, or half of the open volume. - Draws support and resistance zones on the chart and rates each zone by the volume traded when price turned there. - Manages positions you open by hand from MetaTrader as well, on the chart's symbol. Positions belonging to your other Expert Advisors are left alone.
INSTALLATION
1. Copy "Pepito Manual Assistant.ex5" into MQL5\Experts. 2. Restart MetaTrader 5, or right-click in the Navigator and choose Refresh. 3. Turn on Algo Trading. 4. Drag Pepito Manual Assistant onto a chart. The panel appears in the top left corner and the zones are drawn automatically.
Use it on a demo account first, until you know what every button does.
THE PANEL
Every field can be typed into directly, or changed with the small arrows next to it.
Risk % The percent of your account you risk on the trade.
MODE button Switches between RISK % (the lot is calculated for you) and FIXED LOT (the lot you type is used).
Fixed lot The lot used in FIXED LOT mode.
Positions How many positions one click opens. In RISK % mode the risk is shared between them, so 1% over 10 positions is still 1% in total.
SL pts / TP pts Stop loss and take profit distance in points. 0 means none.
SELL / BUY Open the trade immediately at market.
Info line The lot that will be used and the total amount at risk. Read it before you click.
APPLY SL/TP Puts the stop loss and take profit from the panel on the positions that are already open.
AUTO SL/TP When ON, any position without a stop loss or take profit receives the ones from the panel.
BE (break-even) When ON, the stop loss moves to your entry price once the trade is in profit by "BE trig" points. "BE plus" is how many points beyond the entry the stop is placed.
TRAIL (trailing stop) When ON, the stop loss follows price. "Tr. start" is the profit at which it begins, "Tr. dist" is how far behind price it stays, and "Tr. step" is the smallest move it makes.
CLOSE SELL / CLOSE BUY Close only the sell positions or only the buy positions.
CLOSE 50% Closes half of the open volume.
CLOSE ALL Closes every position the panel manages on this symbol.
Bottom lines Number of open positions, floating profit, current spread, and the result of your last action.
THE ZONES
Green zones below price are support. Red zones above price are resistance. When price breaks through a zone it changes role by itself.
Each zone has a label such as "SUPPORT (3) vol x1.8". The number in brackets is how many times price turned at that zone. The "vol" figure compares the volume at those turns with normal volume, so x1.8 means almost twice the usual activity. Zones with high volume are drawn in a brighter colour.
The top right corner of the chart shows the volume of the last candle and of the current candle compared with the average.
The zones are calculated on the timeframe of the chart and are refreshed on every new candle. Change the timeframe and they are recalculated.
On most forex and CFD symbols brokers provide tick volume only. The indicator uses real volume when your broker supplies it and tick volume otherwise, and the corner label tells you which one is in use.
SETTINGS
Everything on the panel has a starting value in the settings, so it opens the way you like to trade. You can also set:
- Confirmation before orders and closes, if you do not want one-click execution. - Whether risk is calculated from balance or from equity. - Whether the risk percent is shared between positions or applied to each one. - What happens when the calculated lot is below the broker's minimum. - The step used by the small arrows. - The panel position, font and all colours. - Whether the zones are shown, how many, how sensitive they are, and their colours. - Alerts when price enters a zone, and when volume is high inside a zone.
GOOD TO KNOW
- Break-even and trailing are done by the panel, so they only work while MetaTrader is open and the panel is on the chart. - If the calculated lot is smaller than your broker's minimum, the minimum is used and the real risk is higher than the percent you set. The info line shows the real amount. You can make the panel refuse the trade instead. - Opening a large number of positions takes a few seconds, because the orders are sent one after another. - Values typed into the panel are kept when you change timeframe. After MetaTrader restarts they return to the values in the settings. - One position at the broker's minimum lot cannot be halved.
RISK WARNING
This is a tool for executing and managing your own trades. It does not give trading signals and it does not guarantee profit. Support and resistance zones are areas where price reacted in the past; price can and does break them. Trading leveraged products can lose more than you expect. Test on a demo account and only risk money you can afford to lose.
A trading panel for MetaTrader 5 for traders who decide their own entries. You choose when to buy or sell; the panel sizes the trade, places the stops, manages the open positions and shows you where support and resistance are.
It does not open trades by itself. Every entry is your click.
WHAT IT DOES
- Sizes the lot from the risk you choose. Type the percent of your account you are willing to lose and the stop loss distance, and the panel shows the lot and the amount at risk before you click. - Opens one or many positions with a single click, with stop loss and take profit already attached. - Moves the stop loss to break-even and trails it behind price, if you turn those on. - Closes all positions, only the buys, only the sells, or half of the open volume. - Draws support and resistance zones on the chart and rates each zone by the volume traded when price turned there. - Manages positions you open by hand from MetaTrader as well, on the chart's symbol. Positions belonging to your other Expert Advisors are left alone.
INSTALLATION
1. Copy "Pepito Manual Assistant.ex5" into MQL5\Experts. 2. Restart MetaTrader 5, or right-click in the Navigator and choose Refresh. 3. Turn on Algo Trading. 4. Drag Pepito Manual Assistant onto a chart. The panel appears in the top left corner and the zones are drawn automatically.
Use it on a demo account first, until you know what every button does.
THE PANEL
Every field can be typed into directly, or changed with the small arrows next to it.
Risk % The percent of your account you risk on the trade.
MODE button Switches between RISK % (the lot is calculated for you) and FIXED LOT (the lot you type is used).
Fixed lot The lot used in FIXED LOT mode.
Positions How many positions one click opens. In RISK % mode the risk is shared between them, so 1% over 10 positions is still 1% in total.
SL pts / TP pts Stop loss and take profit distance in points. 0 means none.
SELL / BUY Open the trade immediately at market.
Info line The lot that will be used and the total amount at risk. Read it before you click.
APPLY SL/TP Puts the stop loss and take profit from the panel on the positions that are already open.
AUTO SL/TP When ON, any position without a stop loss or take profit receives the ones from the panel.
BE (break-even) When ON, the stop loss moves to your entry price once the trade is in profit by "BE trig" points. "BE plus" is how many points beyond the entry the stop is placed.
TRAIL (trailing stop) When ON, the stop loss follows price. "Tr. start" is the profit at which it begins, "Tr. dist" is how far behind price it stays, and "Tr. step" is the smallest move it makes.
CLOSE SELL / CLOSE BUY Close only the sell positions or only the buy positions.
CLOSE 50% Closes half of the open volume.
CLOSE ALL Closes every position the panel manages on this symbol.
Bottom lines Number of open positions, floating profit, current spread, and the result of your last action.
THE ZONES
Green zones below price are support. Red zones above price are resistance. When price breaks through a zone it changes role by itself.
Each zone has a label such as "SUPPORT (3) vol x1.8". The number in brackets is how many times price turned at that zone. The "vol" figure compares the volume at those turns with normal volume, so x1.8 means almost twice the usual activity. Zones with high volume are drawn in a brighter colour.
The top right corner of the chart shows the volume of the last candle and of the current candle compared with the average.
The zones are calculated on the timeframe of the chart and are refreshed on every new candle. Change the timeframe and they are recalculated.
On most forex and CFD symbols brokers provide tick volume only. The indicator uses real volume when your broker supplies it and tick volume otherwise, and the corner label tells you which one is in use.
SETTINGS
Everything on the panel has a starting value in the settings, so it opens the way you like to trade. You can also set:
- Confirmation before orders and closes, if you do not want one-click execution. - Whether risk is calculated from balance or from equity. - Whether the risk percent is shared between positions or applied to each one. - What happens when the calculated lot is below the broker's minimum. - The step used by the small arrows. - The panel position, font and all colours. - Whether the zones are shown, how many, how sensitive they are, and their colours. - Alerts when price enters a zone, and when volume is high inside a zone.
GOOD TO KNOW
- Break-even and trailing are done by the panel, so they only work while MetaTrader is open and the panel is on the chart. - If the calculated lot is smaller than your broker's minimum, the minimum is used and the real risk is higher than the percent you set. The info line shows the real amount. You can make the panel refuse the trade instead. - Opening a large number of positions takes a few seconds, because the orders are sent one after another. - Values typed into the panel are kept when you change timeframe. After MetaTrader restarts they return to the values in the settings. - One position at the broker's minimum lot cannot be halved.
RISK WARNING
This is a tool for executing and managing your own trades. It does not give trading signals and it does not guarantee profit. Support and resistance zones are areas where price reacted in the past; price can and does break them. Trading leveraged products can lose more than you expect. Test on a demo account and only risk money you can afford to lose.
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